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SBIR/STTR Summer 2022 Chicago Small Business Training Series: NSF Budgeting and Time and Effort Reporting

Event Type
University of Illinois SBA FAST Center
Jun 9, 2022   10:00 - 11:00 am  
Cathy McArthur

Join us on Thursday, June 9 for the SBIR/STTR Summer 2022 Chicago Small Business Training Series: NSF Budgeting and Time and Effort Reporting, the second of four training series. This series will be hybrid - in person and virtual options are available. 

Upcoming in this series include:

June 15, 11:30am - 1:00pm – SBIR/STTR NIH Small Business Funding and Grant Preparation

June 23, 10:00-11:00 am – Rejection on SBIR/STTR awards and Planning Strategic Next Step

If you have any questions, please contact Cathy McArthur at, or Shelley Maves at


About the SBIR/STTR Training Series

The SBIR and STTR programs, often referred to as “America’s Seed Fund,” are an excellent source of undiluted funding, but are highly competitive. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide non-dilutive capital to encourage small businesses to further R&D with the potential for commercialization. Securing federal grant funding for your small business’ innovative idea or technology is a critical step towards commercial success. Learn in this training series the eligibility requirements to apply for SBIR/STTR funding, the parameters of the awards and contracts available through federal agencies, budget preparation, and tips and tricks for a successful application process. Training will be provided by SBIR expert and medical startup consultant, Anna Lisa Somera. Participants in this training event will be eligible to receive free follow up direct consulting on SBIR/STTR applications following the event. This free training series is offered as a partnership with the SBA IL FAST Center at UIUC, the University of Illinois Chicago, World Business Chicago, and Portal Innovations.

About the Speaker

Anna Lisa is an experienced medical device consultant, venture capitalist, intellectual property analyst, technology transfer specialist, biomedical researcher, and entrepreneur specializing in early-stage, cutting-edge technology businesses. She has been an active part of the entrepreneurial community in Illinois and helped drive the formation and raised angel and venture funding for several startup companies while also serving as top management for many of the ventures. Somera has worked in early stage venture capital and held senior roles in several medical device companies including Diagnostic Photonics, Innoblative Designs, Briteseed, American BioOptics, and she is currently is currently as the Chief Executive Officer of Rhaeos, Inc. She has also served as a start-up and SBIR consultant to the University of Illinois, Chain Reaction Innovations at Argonne National Labs, The Polsky Exchange at the University of Chicago, MATTER Chicago, INVO at Northwestern University, and the Illinois University Incubator Network. For more information, check out

About the Illinois FAST Center

The Federal and State Technology (FAST) Center at the University of Illinois Urbana-Champaign is designated by the U.S. Small Business Administration (SBA) and the State of Illinois as the statewide resource center for small businesses to receive training, technical assistance, and expertise for competitive SBIR and STTR proposals. The IL FAST Center offers free assistance and mentoring and has successfully helped hundreds of entrepreneurs with SBIR/STTR applications and training. For more information, check out

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